Those protections are the main reason it’s recommend to use credit cards instead.
But it doesn’t make sense to me, why would I borrow money (credit) if I had it (debit)?
My guess is that banks deliberately do this so people can accidentally spend more money than they have and companies start charging interest.
In: Economics
Some great answers in here, but one point i didn’t see is that debit and credit cards aren’t the same products
A debit card is essentially your access card to your bank account. It lets you get at your bank account when you need to, and the bank makes money off its service charges.
The credit card is a service that the credit card companies are trying to sell to people. They make money based on the card’s usage so it’s in their best interest (no pun intended) to make it the most attractive service to bring in more customers AND make the customers use the credit card instead of their own money. That’s one of the reasons why you’ll see many more add ons and rewards and points and insurance and purchase protections than the bank will offer on just an regular account with a debit card
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